Updated Oct 12, 2026
Pinnacle Acquires Mixed-use Property On Park Avenue In Hoboken For $1.25M
301 Park Avenue, Hoboken, NJ, USA
$1,250,000
$1,095/SF
Building Size
1,141 SF
Asset Type
Mixed-use
Closing
Sep 1, 2021
About this deal
AI
Located in Hoboken's market, the mixed-use property at 301 Park Avenue has been sold for a total price of $1,250,000. The transaction took place on September 1, 2021. The property features a diverse range of uses, making it an attractive investment for the buyer.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $1,250,000
- Date: September 1, 2021
- Address: 301 Park Avenue
- Market: Hoboken
- Buyer: Pinnacle
- Broker: Kyle Klaus - Prestige Properties
Kyle Klaus from Prestige Properties represented Pinnacle, the buyer, in this deal. The involvement of experienced brokers indicates the significance of this transaction in the Hoboken market. The sale of the property highlights Pinnacle's continued growth in the market, as they strategically expand their real estate portfolio.
On the Map
$1,250,000
$1,095/SF
Mixed-use
View full map
Players
Hoboken Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Kyle Klaus to view all their deals.
Browse New Jersey mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93